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Mar 31, 2024
Lindblad Expeditions Q1 2024 Earnings Report
Reported financial results for the first quarter, showing increased total revenue and strategic expansion through acquisitions.
Key Takeaways
Lindblad Expeditions reported a 7% increase in total revenue to $153.6 million for the first quarter of 2024. The company experienced growth in both Lindblad and Land Experiences segments. Net loss available to stockholders was $5.1 million, or $0.10 per diluted share, compared to a net loss of $0.4 million, or $0.01 per diluted share, in the same period last year. The company also announced the acquisition of Wineland-Thomson Adventures, Inc.
Total revenue increased by 7% to $153.6 million.
Lindblad segment available guest nights increased by 3%.
Lindblad segment net yield per available guest night increased by 1% to $1,219.
Bookings for 2024 are 4% ahead of 2023 bookings at the same point a year ago.
Revenue by Segment
Forward Guidance
The Company’s current expectations for the full year 2024 are as follows: Tour revenues of $610 - $630 million, Adjusted EBITDA of $88 - $98 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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